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Indeed. Income earners usually can't escape the income tax. Capitalists very easily can. Or they at least can defer it indefinitely and live off of investment g
by charlesdm 11y ago
Indeed. Income earners usually can't escape the income tax. Capitalists very easily can. Or they at least can defer it indefinitely and live off of investment gains (for example, by using holding and investment vehicles)
At the end of the day, it's simple math. Live in country X, pay 33% when sold. Live in country Y, pay 15% when sold. Live in country Z, pay nothing. When we're talking about millions in tax, Monaco/Belgium/Malta/the UK do become very attractive very fast. After all, you can always return a few years later and live like a king.